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the primary election results. so we hope you join us tomorrow morning. now over to america's newsroom. breaking news from overseas this, woman here, an american hiker, held in iran in an iranian jail for more than a year, now said to be a free woman. an iranian attorney for syria s -- shourd confirming that fox news that iran has released its client, after arresting her and two companions last year, they've been held ever since, the three apparently crossing into iran, that's the allegation, while hiking in northern iraq. more on this in a matter of moments, it's just crossing the wires right now, it's breaking news here in "america's newsroom". >>> in the meantime, this is battle royale, huh? a major battle shaping up over your taxes taking shape on capitol hill, this the debate over whether or not to extend the bush tax cuts, pitting republicans again the president. good morning, everybody, it's a busy tuesday, huh? i'm bill hemmer, good morning, welcome to "america's newsroom". martha: good morning, bill, good morning, everybody. i'm martha maccallum. senate minority leader mitch m
will join us for the after the show show. log on for our after the show show right now. >> peter: see you tomorrow, folks. economy, here's the weekly drum beat on jobs in america, 450,000 americans filing for first time unemployment benefits last week, that's down just a notch, down about 3000 from a week earlier, still not nearly enough to ease concerns on the economy. much more on that as we get rolling right now here in "america's newsroom". >>> there are new cracks showing in the democratic ranks ahead of the midterm elections over the hot issue of the bush tax cuts expiring. this is picking up by the day. good morning, everybody, i'm bill hemmer, live in "america's newsroom". how you doing, martha. martha: hi everybody, i'm martha maccallum. president obama facing growing opposition from members of his own party. this is the hot issue of the day, folks, over raising taxes on the highest earners in this country. now, some democrats, asking if that move, if raising it for the wealthy, could cause more harm than good. listen to this: >> so raising anyone's taxes at this moment in time i
maccallum, good to have you with us this morning. midterm elections are two months away and the president is expected to say that the bush tax cuts will be extended for some but not for all americans. bill: also martha is former budget director who was in the job a few months ago who said this is not a good idea, ready for a stalemate are new what's new. stuart varney, fox business network, host of varney & company. first the news, what do we expect to hear on the economy? >> today the president goes to cleveland, he is going to be pushing for a $200 billion tax credit plan, part of the overall stimulus program, he's going to get personal, he's going to talk about his own financial struggles, to use that as a way to leverage off on the economy front. that's what's going to happen today, bill. you mentioned stalemate there, and that's exactly what we've got. in a nutshell, if you look at overall policy, you do have stalemate. here's what you've got: you've got the president, he wants to spend, republicans and some democrats do not. the president wants to tax, republicans and some democrats
, including a lot of red tape. bill: stuart varney with fbn joins us. first, the news, this came from the local government in l.a.d. it not? >> it came from the controller of los angeles, she reported that the transportation department spent 70 million created 45 new jobs, the public works department spent 40 million came up with just over nine jobs. a total of 55 jobs, 2 million per job. that just happened. bill: all right. is l.a. alone? >> well, l.a. is the largest city yet to go through an audit, but this coincides with the release this week of the white house's 100th best stimulus projects. they're looking back over the stimulus program that was launched 18 months ago, pulling out the 100 best performers. i've not seen the whole list but i've seen a couple of them. for example, they spent $30 million in new jersey, cleaning up an old electronics factory that created 68 new jobs. now, do the math, bill. that's a little bit better than los angeles. new jersey put out 68 jobs at $441,000 each job. now, the white house is tout thank as a success of the stimulus program. you be the ju
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